Reply to Why do so many of you NW adults have Trust Funds or get parental help?

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[quote=Anonymous]I have nothing against family wealth and I think it is great that families pass along what they have.  I expect to inherit something someday from my parents and I expect I will leave money to my children.  Neither I nor DH come from family money, although there are some in DH's family that are very high earners that have significant net worth, all of it earned.

My parents raised me in a stable and educated home, gave me exposure to many experiences, paid for my undergraduate education and helped in many additional ways over the years that I am very appreciative of, not the least of which is an extraordinary amount of free babysitting (not daily but regularly).  They did not give me a house downpayment.

When there is a perceived sense of superiority that someone has nice things or houses as compared to someone else and the "nicer" version was purchased with family money the sense of superiority is misplaced.  It is easy to spend other peoples money, so not actually impressive.

People who "could not imagine" sending their kids to public school (expressed in conversation with neighbors that do) but that do not actually pay the bill irritate me.  It is the wonder that anyone would send their kids to public by someone that could not even afford to buy in our neighborhood let alone their nicer house if not for their parents money that makes me snicker.

I also have friends where paying for their child to go to private school is actually a significant personal expense and reflects hard choices.  I completely respect their choices for their family.

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